Media Ownership

The concentration of media ownership, known also as media consolidation or media convergence, is the business comprised of an increasingly small amount of individuals and organizations that control shares of the mass media. This extensive direction in which media business ownership is changing is deemed upon as not only objectionable, but also results in damaging effects for both the economy and society. Although there is little evidence that this concentration results in harm, media ownership is still a pressing concern. Two decades ago the Telecommunications Act of 1996 was signed into law and is described by FAIR (Fairness and Accuracy in Reporting) as “bought and paid for by corporate media lobbies”. The detrimental effect of this law is …show more content…
This poses the question: do media monsters devour diversity? According to Michael O’Rielly of the FCC, the Commission believes the overall media marketplace is more competitive and diverse than ever before and warrants reduced regulation. On the contrary, politicians and analysts have expressed that the rise of huge media conglomerates means the deprivation of diversity in newspapers and over the airwaves. Despite that, research suggests that media ownership, however unpleasant, does not necessarily diminish …show more content…
He fights for affordable cable television prices, supports net neutrality, and wants to protect and encourage independent news sources across all media platforms. The blueprint to overpower media consolidation reads: we should discourage media market consolidation and create space for diverse and substantive journalism, while encouraging competition between cable companies in order to lower prices. We should also support local and independent media outlets. In conclusion, the Internet should be free and open, and service providers should treat all data that travels over their networks equally, without prioritizing some customers, sites, or services over